By David Lawrenson

The net result of the Chancellor's changes are that most buy to let investors are big beneficiaries as they will see their CGT tax rate fall to 18%. Previously, the lowest it could go was 24%.

So, for most people it's time to open the champagne.
But what about the details and what does the cange mean for UK BTL investors?

A few weeks ago the Institute of Directors (IOD) joined forces with some on the left to say that landlords should not be allowed to offset interest on mortgage and other loan payments against rent when calculating their buy to let profits.

According to the IOD it gave landlords an unfair tax advantage and stopped us all putting our money into "proper business" that makes things and sells services.